The Real Reporter July 23, 2010

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A Really Higher UseWILMINGTON—As a function facil-ity that has thrived since the 1970s,Casa Di Fior is among northernBoston’s most established commer-cial properties, a recognitionenhanced by its location abuttingInterstate 93’s southbound flank.Highway visibility is so superior that128 West St. has long been lustedafter by local developers whosedreams of an industrial park, shop-ping center or gleaming office build-ing on the five-acre parcel havenever materialized. In someinstances, the concepts were donein by difficult economies similar tothe current environment thatmakes a re-use of the propertyunlikely from a corporate perspec-tive.

Fortunately for the family part-nership that has owned Casa Di Fiorfor decades, there does appear tobe an exit strategy looming, oneostensibly being enabled by a dashof divine intervention. According tosources, Grace Chapel Church ofLexington is on the verge of acquir-ing the Wilmington facility to estab-

THE REAL REPORT

THIS WEEK’S ISSUERetail Haven . . . . . . . . . . . . . . . . . . . 2Condo Line . . . . . . . . . . . . . . . . . . . . 3Ordway People . . . . . . . . . . . . . . . . . 9Private Stock . . . . . . . . . . . . . . . . . . 11Federal Assembly . . . . . . . . . . . . . . . 12 BY JOE CLEMENTS

WALTHAM—After faring admirablyharvesting assets in the final stagesof Greater Boston’s last real estate

investment boom, it appears local CRE firmMaric Inc. is now angling to take advantageof the sector’s subsequent bust by playingthe acquisition side. Sources indicate theNeedham-based firm is close to buying 400Fifth Ave., a first-class office building hand-ed back this spring to the asset’s lender byNormandy Real Estate Partners.

continued on page 11

JULY 22, 2010

Your Source for Commercial Real Estate News

BY JOE CLEMENTS

HAVERHILL—A two-year-old CVSPharmacy retail property in theheart of this Merrimack Valley com-

munity has new ownership after chang-ing hands this week for $6.47 million,equating to a healthy $541 per sf andcapitalization rate of 7.7 percent. Theseller is Hecht Development of Concord.

“It just shows that quality real estateproperties in strong locations are still

Hecht Harvests Haverhill CVS for $6.4M

BY JOE CLEMENTS

MEDFORD—TeleCom City isa fading memory, but 200acres set aside for that ill-

fated business park straddlingEverett, Malden and Medford willsoon accommodate promising lifesciences company Progenika in a9,000-sf deal that seems to vali-date the tri-town revitalizationcampaign launched more than adecade ago in partnership withNew York entity Preotle Lane.

Progenika Takes 9,000SF at River’s Edge

400 Fifth Ave., Waltham MA

CVS Pharmacy, Haverhill MA



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River’s Edge, Medford MA

Maric Inc. Reportedly on the ProwlTo Buy Prime Waltham Office Asset

2 THE REAL REPORTER July 22, 2010

READING—Oaktree Development ofCambridge has selected MANSARDCommercial Properties to market

20,000 sf of ground-level retail space beingplanned for downtown Reading’s HavenStreet business district as part of a four-story, mixed-use project. Located at thesite of the former Atlantic Food Market, agrocery story with a long history of servingits community, the property will be hometo 56 high-end apartments and storessporting blocks of 2,800 sf, 6,725 sf and10,425 sf. Space will be sub-dividable to2,500 sf, and asking rents are starting at$23 per sf on a triple net basis. Projectdelivery is slated for late 2011.

MANSARD Commercial will be targetingrestaurants, specialty foods retailers, andboutiques to fill the new retail space,according to the firm’s principal, JeremyCyrier. Among other attractions, he says in apress release announcing the assignment, isthe project’s proximity to an 80-car munici-pal parking lot in the rear of the building andthe residents’ use of a 75-car parking struc-ture to be installed below grade.

“Thirty Haven St. offers a uniqueopportunity for retailers,” Cyrier says. “It’san environmentally friendly, downtown,transit-oriented location with parking,” hesays, noting an MBTA commuter rail line

just yards away from the Oaktree site.Cyrier says the Reading market is under-served for restaurants and is “undersup-plied” on fashion retailers and upscale

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Rendering of proposed Oaktree Haven Street Project, Reading MA

MIDDLETON—As exclusive listing agent, Anthony Triglioneof the Kane Co. announces the recent sale of Building B, a17,285-sf, free-standing commercial condominium in the

Riverview Industrial Park. The unit was sold to an affiliate of ToolTechnology Inc. for $700,000, with the buyer expected to occu-py the property for its own operations.

Developed in 2009, Riverview Industrial Park is a multi-build-ing facility located just off Routes One and 114 near the junctureof Interstate 95. Developed by Ralph DiGiorgio, Anthony Messina

and Mick Lafata, the park has just 12,000 sfremaining for sale or lease from the originallypermitted scope of 80,000 sf, relays Triglione.

“There was very limited availability ofinventory for this size and type property avail-able in the Danvers/Middleton area, and weknew that the market would respond accord-ingly,” Triglione says in explaining his client’sdecision to pursue construction of Riverview

Industrial Park despite an economy that began to crumble soonafter the developers committed to the site.

Historically low interest rates have been another boon to com-mercial condominium acceptance in recent years, market watchersindicate. The buyer, who was represented by Chris N. Everest ofNorlund Associates on the sales negotiations, secured $950,000 infinancing from North Shore Bank for the asset at 3 Ajootian Way.

In a press release issued this week announcing the sale ofBuilding B, the developers list “an excellent location, versatileproduct with 24-foot ceilings and limited supply of industrialproperties for small- to mid-sized businesses” among the factorsgenerating interest for the space, on top of the dedicated market-ing program.

“In addition, an efficient design/build process and quality con-struction really helped us in the sales process,” says Triglione.Since the spaces are currently in shell condition, they can be cus-tomized to match the office and industrial requirements of the user,DiGiorgio conveys. Features offered include sprinklers, electricdrive-in doors and warehouse lighting and electrical systems. n

July 22, 2010 THE REAL REPORTER 3

Anthony Triglione

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“They are chasing it,” one source main-tains of Maric and the beleaguered six-story, 115,000-sf property that Normandypurchased in March 2006 for $13.4 million,secured by a loan of $16.6 million fromWells Fargo Bank. The building was thenrebranded as Prospect Corporate Center.

Despite an extensive upgrade, self-management and a spirited marketingcampaign that did yield a bevy of tenantsin recent months, the efforts were notenough to keep Normandy engaged on aproperty suffering in a sluggish marketthat became further overburdened by asurge of new Class A office constructionconcentrated in Waltham. As The RealReporter was first to announce, the prop-erty was ultimately given back to an affili-ate of Wells Fargo in May, an entity knownas ATC Realty Sixteen Inc.

According to sources, Eastdil Securedhas been marketing 400 Fifth Ave. onbehalf of the lender. Calls to that firm’sCapital Markets Group in Eastdil’s Bostonoffice were not returned by press dead-line, while efforts to secure a response

from Maric Inc. principalMark Rubin were alsounsuccessful by pressdeadline. Nonetheless,several brokers spokento confirm hearing ofMaric’s intentions, anassessment further bol-stered by another sourcethat details Maric’s plansmore clearly. One brokerpegs pricing in the rangeof $125 per sf, whichwould equate to about$14.3 million, althoughthat estimate could notbe seconded.

It is also uncertain whether any signedagreement has been inked at this point, orhow near the parties might be on a closingdate, but observers say the idea of buyinginto Boston’s core suburban office marketcould be a sensible move given the sub-market’s long-range success as the leaderin rental rates and proven ability to attracttop tenants. A flight-to-quality trend couldbe a further reason for buying in ahead ofthe rebound, some maintain.

Meanwhile, Jones Lang LaSalle’s mid-

year office market sur-vey suggests the Route128 Central freefall maybe at an end. Accordingto JLL, that submarkethas seen positive netabsorption in excess of375,000 sf through twoquarters in 2010, ahealthy figure droppingthe overall vacancy rateback to 15.3 percent.Waltham “is on themend, no doubt,” relaysone broker who supportsMaric’s pro-activeapproach.

The Needham firm certainly read thetea leaves correctly in its last major trans-action locally, having reaped $82 millionfor a portfolio of suburban office buildingsthat closed just as the door was shuttingon the investment sales boom that ranunchecked from 2006 through early 2008.Maric’s sale to Colony Realty Partners inMay 2008 equated to about $205 per sf forthe 400,000-sf portfolio, a figure manysellers would drool over in the current cli-mate. n

Waltham Office continued from page 1

400 Fifth Ave., Waltham MA


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MORTGAGE: $6,300,000 from CambridgeSavings BankADDRESS: 56 River St., Haverhill; 1710 CentreSt., Lot 12, Boston; 643-645 Princeton Blvd.,Lowell; 38 Maple Ave., Shrewsbury; 2 BlackstoneRiver Rd., and 121 June St., Worcester (partial list)BORROWER: Linear Retail WH#2 LLC

MORTGAGE: $4,800,000 from Wells FargoBank NAADDRESS: 160 East Central St., Lot 2, FranklinBORROWER: MLG Holding 160 East CentralStreet LLC

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BUYER: Winchester Hospital Inc.SELLER: Winchester Associates LLCPRICE/ADDRESS: $3,800,000; 1021 MainSt., WinchesterNOTES: Two-story office property, constructed1967; building size is 26,675 sf, lot size is 1.8acres; last sold for $28,750 in June 1974

BUYER: Thompson Estates LLCSELLER: Thompson Manor LLCPRICE/ADDRESS: $2,950,000; 14 ThompsonDr., Lot 1, RandolphMORTGAGE: $2,693,500* from ArborCommercial FundingNOTES: Garden-style apartment property, con-structed 1981; living space is 25,050 sf, lotsize is 1.2 acres; Thompson Manor managedby Robert L. Avery; Thompson Estates LLCmanaged by Matthew W. Newman; *mortgageoriginated in Dec. 2008 assumed from seller

BUYER: 131-145 Massachusetts Avenue LLCSELLER: Milford South Main LLCPRICE/ADDRESS: $2,900,000; 146 SouthMain St., MilfordMORTGAGE: $1,450,000 from PatriotCommunity BankNOTES: Single-story retail property, construct-ed 1970; building size is 37,375 sf, lot size is5.1 acres; buyer managed by Daniel P. Busa Jr.and William A. Busa

MORTGAGE: $1,800,000 from FederalSavings BankADDRESS: 40R Merrimac St., NewburyportBORROWER: Brown’s Wharf LLC

MORTGAGE: $1,800,000 from RocklandTrust Co.ADDRESS: 237 and 239 Beacon St., BostonBORROWER: R. Mariana Cunningham andShane A. Cunningham, trustees of RMS Realty TR

BUYER: Mac’s Convenience StoresSELLER: B&D Petroleum Sales Inc.PRICE/ADDRESS: $1,600,000; 1112 Bay St.,SpringfieldNOTES: Service station and retail market; lastsold for $275,000 in June 1986

MORTGAGE: $1,500,000 from Avidia BankADDRESS: 639 and 649 Massachusetts Ave.,BoxboroughBORROWER: Dmitry Bykhovsky, trustee ofD.V. Bykhovsky Trust No. 1

MORTGAGE: $1,269,890 from StonehamSavings BankADDRESS: 73 Summer St., SomervilleBORROWER: First Summer 73 LLC

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MORTGAGE: $1,529,591 from Salem FiveCents Savings BankADDRESS: 147 Summit St., U-3A, U-3G, U-7and U-13, PeabodyBORROWER: Peter M. Coco, trustee of TracySouth Realty TR

MORTGAGE: $1,500,000 from Eastern BankADDRESS: 55 West Cedar St., Units 1, 3, 4and 5, BostonBORROWER: Christopher J. Bunker, trustee of55 West Cedar Realty TR

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MORTGAGE: $1,090,000 from Pentucket BankADDRESS: 890-940 North Broadway, HaverhillBORROWER: Michael J. Maroney, trustee ofPremiere Realty TR

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MORTGAGE: $4,500,000 from EasternBankADDRESS: 351 Willow St., Andover and NorthAndoverBORROWER: Mary-Laura Greely and RobertM. Ogan, trustees of Muffing Realty TR

BUYER: Empire Management Corp.SELLER: Navistar Inc.PRICE/ADDRESS: $3,850,000; 340 MysticAve., Lots C, D and E, MedfordMORTGAGE: $3,224,000 fromManufacturers and Traders Trust Co.NOTES: Single-story commercial property;building size is 25,525 sf, lot size is 2.5 acres;last sold for $2,500,0000 in Jan. 1990

BUYER: Tech Park I and II LPSELLER: New Boston/Meridian LLCPRICE/ADDRESS: $2,550,000; 1000-1200Technology Park Dr., BillericaNOTES: Two-story flex/office property; buildingsize is 139,175 sf, lot size is 10 acres; last soldfor $6,299,104 in March 2004; assessed valueof $11.9 million; buyer c/o the Gutierrez Cos;seller c/o New Boston Fund IV

BUYER: Kambos LLCSELLER: Java Acquisition Company 0221 LLCPRICE/ADDRESS: $1,800,000; 120-124Newbury St., PeabodyNOTES: Vacant parcel; lot size is 1.3 acres;last sold for $3,050,000 in Aug. 2006; buyermanaged by Constantine G. Scrivanos

Commercial DealsMILLION DOLLAR MORTGAGES/SALES JULY 13 - JULY 19, 2010

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BUYER: Ellen B. Kaplan, trustee of TashmooRealty TRSELLER: Stanley B. Kane, trustee of Stanley B.Kane Nominee TRPRICE/ADDRESS: $5,000,000; 31 LambertsCove Rd., TisburyNOTES: Single-family Antique, built 1790; house sizeis 5,725 sf, lot size is 2.6 acres; eight bedrooms andsix baths; last sold for $1,800,000 in Sept. 1998

BUYER: Lisa R. Livstone and Mitchell M. LivstoneSELLER: Anne H. McDonough and Joseph E.McDonoughPRICE/ADDRESS: $2,287,000; 39 RangeleyRd., BrooklineMORTGAGE: $1,500,000 from NewAlliance BankNOTES: Single-family Colonial, built 2004; housesize is 4,550 sf, lot size is 17,275 sf; four bedroomsand 5.5 baths; last sold for $2,500,000 in Dec. 2004

MORTGAGE: $1,740,000 from Sovereign BankADDRESS: 34? Beacon St., U-6, BostonBORROWER: Shelly L. McPhee O’Neill andThomas P. O’Neill III

BUYER: Hans Klingemann and Sandra LeeSELLER: WREC Columbus Ave LLCPRICE/ADDRESS: $1,610,000; 301-319Columbus Ave., U-804, BostonMORTGAGE: $1,127,000 from AlliedMortgage Corp.NOTES: Residential unit in mid-rise BryantBack Bay Condominium; unit size is 1,900 sf;three bedrooms and three baths

MORTGAGE: $1,575,000 from BostonPrivate Bank & Trust Co.ADDRESS: 2 Avery St., U-S-18C, BostonBORROWER: Demetra Taleghani and Reza Taleghani

BUYER: David A. Isenberg and Sarah A.O. IsenbergSELLER: Julie A. Cunningham and Timothy M.CunninghamPRICE/ADDRESS: $1,350,000; 3 Adams St.,BelmontMORTGAGE: $850,000 from Sovereign BankNOTES: Single-family English Tudor, built1929; house size is 3,150 sf, lot size is 11,075sf; four bedrooms and 3.5 baths; last sold for$525,000 in May 1996

BUYER: Farrah J. Lester and Jonathan T. LesterSELLER: Julie S. Amrhein-Eckstein and RobertB. EcksteinPRICE/ADDRESS: $1,350,000; 7 Bernard St.,Newton

Residential DealsMILLION DOLLAR MORTGAGES/SALES JULY 13 - JULY 19, 2010

Helping to heat up the summer selling season, a pair of seven-figure residential trades have closed onBriarwood Lane in Winchester during the past week. In the larger transaction, 8 Briarwood Ln. (topphoto) was acquired for $1,425,000 by Michelle A. Barton, Dorothy Leonard, Michael S. Restivo andWalter C. Swap. The deal was financed by loans of $200,000 from Dorothy Andre Leonard and $417,000from NE Moves Mortgage.

Constructed in 1999, 8 Briarwood Ln. is a single-family Colonial featuring 4,300 sf with four bed-rooms and 2.5 baths. The property was purchased from Gary R. Santini and Suzanne N. Santini, ownersof the 13,075-sf parcel since June 1965.

Separately, Christianne Baruqui and Andrey J. Zarur purchased 6 Briarwood Ln. (bottom photo) for$1,300,000. Wells Fargo Bank backed that deal with a mortgage of $1,040,000. The 12-year-oldColonial was procured from Janet M. Hall and Patrick C. Hall, owners since their $1,330,000 acquisitionin Nov. 2002. It features 3,650 sf of space, and also has four bedrooms and 2.5 baths.

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MORTGAGE: $800,000 from UBS AGNOTES: Single-family Colonial, built 2001;house size is 3,300 sf, lot size is 23,050 sf;four bedrooms and 4.5 baths; property lastsold for $429,000 in Oct. 2000

BUYER: Tomasz ChrzanSELLER: Lori A. Klimach and Ralph F. KlimachPRICE/ADDRESS: $1,090,000; 34 EastGreenwich Rd., Lot 3, LongmeadowNOTES: Single-family brick Colonial, built1930; house size is 6,100 sf, lot size is 22,650sf; five bedrooms and 4.5 baths; last sold for$1,485,000 in Jan. 2005

MORTGAGE: $1,087,000 from AstoriaFederal Mortgage Corp.ADDRESS: 64 Spruce Hill Rd., Lot 21, WestonBORROWER: David B. Friend and SusanRuskin Friend

BUYER: Reuven Levi and Susan Goodrich LeviSELLER: Said ZiouaniPRICE/ADDRESS: $1,050,000; 20 MarshalSt., Unit 20-4, BrooklineMORTGAGE: $700,000 from NE MovesMortgageNOTES: Residential unit in low-rise condomini-um; unit size is 2,275 sf; three bedrooms and2.5 baths; last sold for $940,000 in March 2006

MORTGAGE: $1,000,000 from Salem FiveMortgage Co.ADDRESS: 159 Newton St., WestonBORROWER: Michael W. Anderson and SusanM. Anderson

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MORTGAGE: $3,300,000 from DanversbankADDRESS: 485 Washington St., Unit 3, BrooklineBORROWER: N.A.J.R. Realty LLC

BUYER: Hsiaoping Hua and Hikaru SatoSELLER: 1618 Partners LLCPRICE/ADDRESS: $2,350,000; 95 Beacon St.,U-12, BostonMORTGAGE: $1,500,000 from BNY Mellon NANOTES: Unit in low-rise residential condominiumbuilding; unit size is 2,475 sf; three bedroomsand 2.5 baths; unit last sold for $1,100,000 inJan. 1997; Declaration of Homestead

BUYER: Yvonne P. Hao and Mark WuSELLER: Daryl J. Levinson and Wendy SilbertLevinsonPRICE/ADDRESS: $2,092,000; 11 SheppardSt., Cambridge

NOTES: Single-family Victorian, built 1873;house size is 3,275 sf, lot size is 6,225 sf; fivebedrooms and 2.5 baths; last sold for$2,050,000 in July 2005; Declaration ofHomestead

BUYER: Anahid Mardiros and AurelianMardirosSELLER: Lenore E. GordonPRICE/ADDRESS: $1,550,000; 1 Ashley Ct.,Lot 7, LynnfieldNOTES: Single-family Colonial, built 2005;house size is 8,175 sf, lot size is one acre; fourbedrooms and 4.5 baths; property last sold for$1,450,000 in May 2004

BUYER: Stephen A. Gorman and Tamara T.GormanSELLER: John J. Scaramuzzo Jr. and YolandaScaramuzzoPRICE/ADDRESS: $1,500,000; 8 Sylvan Way,HopkintonMORTGAGE: $227,000 from South ShoreSavings Bank and $523,750 from US BankNOTES: Single-family Colonial, built 2003;house size is 4,775 sf, lot size is 55,025 sf; fivebedrooms, three baths and two half-baths; lastsold for $1,720,000 in May 2007

BUYER: Pamela Kogut and Gerard MichaelSELLER: Stateside Realty Group LLCPRICE/ADDRESS: $1,475,000; 18 Gibson St.,CambridgeNOTES: Single-family Colonial, built 1894,renovated 2010; house size is 2,100 sf, lot sizeis 2,500 sf; four bedrooms, two baths and twohalf-baths; last sold for $802,500 in Dec. 2009

MORTGAGE: $1,400,000 from HinghamInstitution for SavingsADDRESS: 56 Sargent Crossway, BrooklineBORROWER: 56 Sargent Crossway LLC

BUYER: Theresa A. Nibi, trustee of CroftdaleRoad Nominee TRSELLER: Donna M. Svrluga and Richard C. SvrlugaPRICE/ADDRESS: $1,399,000; 16 CroftdaleRd., NewtonMORTGAGE: $1,399,000 from BNY MellonNOTES: Single-family, house size is 2,100 sf,lot size is 25,250 sf; three bedrooms and 3.5baths; last sold for $474,000 in Aug. 1991

BUYER: Lawrence M. Glazer and Suzanne J. GlazerSELLER: Reva M. Devore, trustee of DevoreRealty TR


An elaborate townhouse condominium at 60-62 Withington Rd. in Newton has sold for $1,055,000.New owners Karen Keitner and Noah C. Rumpf secured the purchase from Robert S. Poston Jr. and SusanM. Poston backed by an $844,000 loan from Fairway Independent Mortgage Corp. Unit 62, which lasttraded for $1,050,000 in May 2008, has 3,650 sf of space that includes four bedrooms and 3.5 baths.The extensively manicured lot of nearly one-third of an acre is located in the city’s Newtonville section.

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PRICE/ADDRESS: $1,300,000; 84 MandalayRd., NewtonMORTGAGE: $901,000 from Bank of AmericaNOTES: Single-family, built 1925; house size is4,125 sf, lot size is 7,950 sf; four bedroomsand 2.5 baths; last sold for $95,000 in April1977; Declaration of Homestead

BUYER: Christianne Baruqui and Andrey J. ZarurSELLER: Janet M. Hall and Patrick C. HallPRICE/ADDRESS: $1,300,000; 6 BriarwoodLn., WinchesterMORTGAGE: $1,040,000 from Wells Fargo BankNOTES: Single-family Colonial, built 1998;house size is 3,650 sf, lot size is 9,000 sf; fourbedrooms and 2.5 baths; last sold for$1,330,000 in Nov. 2002

BUYER: Dallan Murray and Madhuri ReddySELLER: Slicklen BuildersPRICE/ADDRESS: $1,260,000; 13 WyomingAve., Lot 4, NeedhamMORTGAGE: $860,000 from Needham BankNOTES: Single-family Colonial, built 2010; housesize is 4,300 sf, lot size is 6,975 sf; five bedroomsand 3.5 baths; property last sold for $475,000 inSept. 2009; Declaration of Homestead

BUYER: Joubin Hassanein and Naz HassaneinSELLER: Jeffrey B. Abramson and Jacqueline JonesPRICE/ADDRESS: $1,215,000; 16 MidlandRd., WellesleyMORTGAGE: $387,500 and $523,750 fromWells Fargo Bank NANOTES: Single-family Colonial, built 1926; housesize is 2,625 sf, lot size is 15,000 sf; four bedroomsand 3.5 baths; last sold for $799,300 in June 2002

BUYER: Susan W. WhitmanSELLER: Carl L. Nicholson and Emily D. NicholsonPRICE/ADDRESS: $1,159,000; 3 Wildon Rd.,Lot 23, WellesleyNOTES: Single-family Colonial, built 1940; housesize is 3,075 sf, lot size is 12,000 sf; five bed-rooms and three baths; last sold for $950,000 inDec. 2004; Declaration of Homestead

BUYER: Arturo D. Falck and Julia FreedsonSELLER: Chris P. Leonard and Melanie L. MarcusPRICE/ADDRESS: $1,150,000; 60-62 PowellSt., Unit 1, BrooklineMORTGAGE: $920,000 from MonumentMortgage Co.NOTES: Residential unit in converted house, built1895; unit size is 3,100 sf, lot size is 14,350 sf;three bedrooms and 2.5 baths; unit last sold for$855,000 in Aug. 2000; Declaration of Homestead

BUYER: Katherine N. LappSELLER: David GoldbaumPRICE/ADDRESS: $1,149,000; 4-5 Shady HillSq., U-5, CambridgeMORTGAGE: $869,250 from Cambridge Trust Co.NOTES: Property last sold for $1,375,000 inDec. 2007; Declaration of Homestead

MORTGAGE: $1,148,000 from Mortgage MasterADDRESS: 21 Hawthorn Rd., BrooklineBORROWER: Maureen Coffey and FrederickA.O. Schwarz

MORTGAGE: $1,100,000 from BNY Mellon NAADDRESS: 465 Warren St., Lot A, BrooklineBORROWER: Rachel S. Formela

BUYER: Andrea M. CastelliSELLER: Diane K. Jensen and Paul M. KonnersmanPRICE/ADDRESS: $1,050,000; 272 OceanAve., MarbleheadNOTES: Single-family; house size is 2.950 sf,lot size is 10,000 sf; three bedrooms and 3.5baths; seller’s ownership dates to April 1977

MORTGAGE: $1,000,000 from RBS Citizens BankADDRESS: 31 Smith’s Point Rd., Manchester-by-the-SeaBORROWER: Ellen H. Cross and William R. Cross

BUYER: Jennifer M. Bradbury and Robert F. BradburySELLER: Jeffrey M. PagePRICE/ADDRESS: $1,000,000; 34 PaulRevere Rd., NeedhamMORTGAGE: $800,000 from GatewayFunding Diversified Mortgage ServicesNOTES: Single-family Colonial, built 2005;house size is 3,650 sf, lot size is 17,425 sf;four bedrooms and 2.5 baths; property lastsold for $600,000 in Jan. 2005

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MORTGAGE: $2.500,000 from The Savings BankADDRESS: 560 Lebanon St., MelroseBORROWER: Crystal Lake LLC

BUYER: 29 Loveland Road LLCSELLER: Mark D. Coppola, trustee of World116 Nominee TRPRICE/ADDRESS: $2,050,000; 29 LovelandRd., BrooklineMORTGAGE: $1,640,000 from Needham BankNOTES: Single-family, built 1885; house size is2,600 sf, lot size is 21,150 sf; four bedroomsand two baths; see related sale below, samedate; Vincent J. Gately, manager of 29Loveland Road LLC



A venerable English Tudor in Belmont that dates to 1929 has sold for $1,350,000, more than double the$525,000 that 3 Adams St. fetched in its last trade, a sale in May 1996 to Julie A. Cunningham andTimothy M. Cunningham. New owners David A. Isenberg and Sarah A.O. Isenberg acquired the 3,150-sf, four-bedroom home backed by $850,000 in financing from Sovereign Bank.

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BUYER: Anthony H. Leness and Katharine B. LenessSELLER: Lisa R. Rofsky and Neil M. RofskyPRICE/ADDRESS: $2,044,000; 129 Dean Rd.,BrooklineMORTGAGE: $1,094,000 from BostonPrivate Bank & Trust Co.NOTES: Single-family Victorian, built 1910; housesize is 5,375 sf, lot size is 11,250 sf; seven bed-rooms and 4.5 baths; last sold for $1,445,000 inJune 2003; Declaration of Homestead

BUYER: Julie G. MulveySELLER: Paul McMahonPRICE/ADDRESS: $1,700,000; 10 CurrierFarm Rd., WestwoodNOTES: Single-family Colonial, built 2002; house sizeis 5,775 sf, lot size is one acre; five bedrooms, fivebaths and two half-baths; Declaration of Homestead

BUYER: Kevin R. Gill Jr.SELLER: John T. Hodgkins and Victoria G. HodgkinsPRICE/ADDRESS: $1,576,000; 16 Follen St., BostonMORTGAGE: $1,435,000 from Kevin Gill andRita GillNOTES: Two-family brick Row house; living spaceis 3,000 sf, lot size is 1,575 sf; last sold for$900,000 in Aug. 1998; Declaration of Homestead

BUYER: Colette Stanzler and Daniel M. StanzlerSELLER: Catherine WebsterPRICE/ADDRESS: $1,575,000; 88 Park Ln., ConcordMORTGAGE: $1.250,000 from Leader BankNOTES: Single-family Colonial, built 1958;house size is 3,825 sf, lot size is two acres;last sold for $1,950,000 in June 2002

BUYER: Mark D. Coppola, trustee of World116 Nominee TRSELLER: Patrick M. Symon, Executor of theEstate of Charles Symon Jr. trustee of theCharles Symon Jr. Revocable TR and Eleanor A.Symon Revocable TR and Sheila A. Symon,trustee of Symon Realty TRPRICE/ADDRESS: $1,500,000; 29 LovelandRd., BrooklineNOTES: Single-family, built 1885; house size is2,600 sf, lot size is 21,150 sf; four bedroomsand two baths; seller’s family ownership datesto Aug. 1974; see related sale above, same date

BUYER: Margaret Crawford and Robert CrawfordSELLER: John F. Duff and Raeann V. DuffPRICE/ADDRESS: $1,475,000; 47 Black OakRd., WestonMORTGAGE: $1,180,000 from Salem FiveMortgage Co.NOTES: Single-family Colonial, built 1964; housesize is 3,550 sf, lot size is 1.7 acres; five bedroomsand 3.5 baths; last sold for $865,000 in Nov. 1987

BUYER: Michelle A. Barton, Dorothy Leonard,Michael S. Restivo and Walter C. SwapSELLER: Gary R. Santini and Suzanne N. SantiniPRICE/ADDRESS: $1,425,000; 8 BriarwoodLn., WinchesterMORTGAGE: $200,000 from Dorothy AndreLeonard and $417,000 from NE Moves MortgageNOTES: Single-family Colonial, built 1999; housesize is 4,300 sf, lot size is 13,075 sf; four bed-rooms and 2.5 baths; seller’s ownership in proper-ty dates to June 1965; Declaration of Homestead

BUYER: Graham R. Seed and Nina C. SeedSELLER: John B. Manning and Jodi M. PetrucelliPRICE/ADDRESS: $1,230,000; 32 High RockLn., Lot 1, WestwoodMORTGAGE: $861,000 from HSBCMortgage Corp. USANOTES: Single-family Colonial, built 2001; housesize is 3,575 sf, lot size is one acre; five bed-rooms and 4.5 baths; last sold for $1,050,000 inAug. 2001; Declaration of Homestead

MORTGAGE: $1,216,000 from CambridgeMortgage GroupADDRESS: 263 Forest Ave., CohassetBORROWER: Sarah E. Morton

BUYER: Francis J. Decoste and Susan D.Decoste, trustees of Ten Highland Realty TRSELLER: Nantue Inc.PRICE/ADDRESS: $1,200,000; 10 HighlandAve., Lot 5, NantucketNOTES: Vacant land; lot size is 5,000 sf; lastsold for $1,096,250 in April 2008

BUYER: Laurence Perkins and Nancy PerkinsSELLER: Kathleen A. Boylan, by power ofattorney under Jeanne-Marie BoylanPRICE/ADDRESS: $1,175,000; 29 SouthfieldCt., Lot 11, NeedhamNOTES: Single-family Tudor, built 1997; housesize is 4,750 sf, lot size is 22,000 sf; four bed-rooms and 3.5 baths; property last sold for$345,000 in Feb. 1997

BUYER: 146 Naples Road LLCSELLER: Daryl Burbank-Schmitt and PriscillaBurbank-SchmittPRICE/ADDRESS: $1,140,000; 146-148Naples Rd., BrooklineMORTGAGE: $1,575,000 from Wellesley BankNOTES: Single-family Colonial, built 1900; housesize is 3,650 sf, lot size is 8,525 sf; seven bedroomsand three baths; last sold for $245,000 in April 1985

MORTGAGE: $1,067,500 from Mortgage MasterADDRESS: 10 Graystone Ln., WestonBORROWER: Louis H. Cohen and Rebecca S. Cohen

BUYER: Armanda S. Carman and Gregg R. CarmanSELLER: Sarah Bellan and Rosario Ferrante,trustees of Ten Acres Realty TRPRICE/ADDRESS: $1,061,000; 30 WildwoodDr., BedfordMORTGAGE: $848,000 from GreenparkMortgage Corp.

BUYER: Karen Keitner and Noah C. RumpfSELLER: Robert S. Poston Jr. and Susan M. PostonPRICE/ADDRESS: $1,055,000; 60-62Withington Rd., U-62, NewtonMORTGAGE: $844,000 from FairwayIndependent Mortgage Corp.NOTES: Residential condo in two-unit Colonialtownhouse; unit size is 3,650 sf, lot size is11,050 sf; four bedrooms and 3.5 baths; lastsold for $1,050,000 in May 2008

MORTGAGE: $1,000,000 from ColonialFederal Savings BankADDRESS: 100 Bradlee Rd., Lot 5A, MiltonBORROWER: Daniel D. Do-Dai and Tammy T.Do-Dai

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BUYER: Glenn Ordway and Sarah OrdwaySELLER: Kristyn B. Stevens and Michael T. StevensPRICE/ADDRESS: $2,875,000; 6 Deep Run,Lot 10, CohassetMORTGAGE: $2,300,000 from RocklandTrust Co.NOTES: Single-family Cape; four bedrooms and 3.5baths; property last sold for $1,250,000 in Oct. 2004

MORTGAGE: $2,550,000 from AmericanInternet MortgageADDRESS: 71 Gates St., Lot 3, FraminghamBORROWER: Cindi A. Muller and Dain A. Muller

MORTGAGE: $2,203,800 from Provident FundADDRESS: 41 O’Grady Rd., MarlboroughBORROWER: Jeffrey P. Jause and Juli A. Jause

MORTGAGE: $2,160,000 from Needham BankADDRESS: 51 Westgate Rd., Lot 34, WellesleyBORROWER: J.J. Stewart Enterprises LLC

BUYER: Jason D. Hirsch and Jillian B. HirschSELLER: Barbara B. ClemsonPRICE/ADDRESS: $2,033,577; 2 Baldwin Cir.,WestonMORTGAGE: $1,500,000 from MetLifeHome LoansNOTES: Single-family Colonial; house size is4,800 sf, lot is 1.3 acres; five bedrooms andfour baths; last sold for $180,000 in Aug.1976; Declaration of Homestead






BUYER: Dwight H. Van Inwegen and SheilaVan InwegenSELLER: Tesla Equities LLCPRICE/ADDRESS: $1,750,000; 78 HanoverRd., CarlisleMORTGAGE: $1,175,000 from Wells FargoBankNOTES: Single-family Colonial, built 2009;house size is 5,725 sf, lot size is two acres; fivebedrooms and 5.5 baths; property last sold for$450,000 in Aug. 2009

BUYER: Kyla de Asla and Richard de AslaSELLER: Classic CGP Inc.PRICE/ADDRESS: $1,485,000; 131 LincolnRd., WaylandMORTGAGE: $1,500,000 from Steven P.Akin, trustee of Steven P. Akin RevocableTRNOTES: Single-family, built 2010; house size is4,150 sf, lot size is 1.2 acres; five bedroomsand four baths; property last sold for $510,000in Oct. 2009

BUYER: James Rech and Susanne C. RechSELLER: Michael AnthonyPRICE/ADDRESS: $1,330,000; 3 LadyslipperLn., North ReadingNOTES: Single-family Tudor, built 2004; housesize is 5,825 sf, lot size is 4.5 acres; four bed-rooms and 3.5 baths; last sold for $1,350,000in March 2005

BUYER: Joshua M. LeaderSELLER: Susan K. GoldPRICE/ADDRESS: $1,090,000; 115 AnnawanRd., NewtonMORTGAGE: $400,000 from Northmark BankNOTES: Single-family Colonial, built 1950;house size is 2,950 sf, lot size is 14,200 sf; fivebedrooms and 3.5 baths; last sold for$345,000 in Oct. 1986; Declaration ofHomestead

BUYER: Can C. Ozbal and Teresa L. WrightSELLER: Robert S. Burge

PRICE/ADDRESS: $1,070,000; 39 Earl St.,LexingtonMORTGAGE: $670,000 from Wainwright Bank& Trust Co.NOTES: Single-family Colonial, built 2008; housesize is 4,025 sf, lot size is 5,000 sf; five bedroomsand 3.5 baths; property last sold for $330,000 inOct. 2007; Declaration of Homestead

BUYER: Ramesh R. Ramachandran and ShaluRamachandranSELLER: David P. Hennessey and Jacqueline M.HennesseyPRICE/ADDRESS: $1,020,000; 53 AmberwoodDr., WinchesterMORTGAGE: $399,000 and $417,000 from RBSCitizensNOTES: Single-family Colonial, built 1984; housesize is 4,500 sf, lot size is 21,225 sf; five bedroomsand 3.5 baths; last sold for $579,000 in Dec. 1997

MORTGAGE: $1,000,000 from BNY MellonADDRESS: 8 Wauwompauque Trail, ChilmarkBORROWER: Burton B. Goldstein Jr. and KathleenG. Goldstein

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MORTGAGE: $4,482,575.75 from MiddlesexSavings BankADDRESS: 7 Wingate Ln., ActonBORROWER: Richard W. Berry

MORTGAGE: $1,940,000 from Needham BankADDRESS: 15 Cornell Rd., Lot 33, WellesleyBORROWER: 15 Cornell Road LLC

MORTGAGE: $1,712,000 from Needham BankADDRESS: 190 Edgewater Dr., Lot 17A, NeedhamBORROWER: David M. Nectow

BUYER: Mark A. Marinella and Tisha MarinellaSELLER: Timothy A. Barrows and Margaret A.FlanaganPRICE/ADDRESS: $1,555,000; 18 WedgemereAve., WinchesterMORTGAGE: $1,000,000 from ING BankNOTES: Single-family Colonial, built 1900; housesize is 3,525 sf, lot size is 15,000 sf; five bedroomsand 3.5 baths; last sold for $530,000 in Aug.1990

MORTGAGE: $1,330,000 from Sovereign BankADDRESS: 190 Winding River Rd., Lot 25,WellesleyBORROWER: S. Christine Kovacs, f/k/a Susan C.Ernst, trustee of CSK Realty TR

BUYER: Ellen A. Weinberg and Hadley A. WeinbergSELLER: Jay S. KimPRICE/ADDRESS: $1,305,000; 330 Waverly Ave.,NewtonMORTGAGE: $417,000 from Mortgage MasterNOTES: Single-family Colonial, built 1917; housesize is 3,975 sf, lot size is 17,250 sf; three bedroomsand 3.5 baths; property inherited by seller in Feb.2006; Declaration of Homestead

BUYER: Lisa A. Taranto and Thomas R. Taranto Jr.SELLER: Fatemeh Tingley and Robert D. Tingley Jr.PRICE/ADDRESS: $1,245,000; 14 Cutler Rd., Lot263, LexingtonMORTGAGE: $995,000 from Leader MortgageNOTES: Single-family Colonial, built 2009; housesize is 4,025 sf, lot size is 13,075 sf; four bedroomsand 3.5 baths; property last sold for $549,000 inSept. 2007

BUYER: Arash TabaeeSELLER: Linda J. Crowne and Stephen G. CrownePRICE/ADDRESS: $1,200,000; 10 Johnson FarmRd., LexingtonMORTGAGE: $276,250 and $523,750 fromWells Fargo BankNOTES: Single-family Colonial, built 1998; housesize is 3,400 sf, lot size is 31,250 sf; four bedroomsand 2.5 baths; last sold for $859,000 in June 1998;Declaration of Homestead

BUYER: Judith M. McGinnisSELLER: Stephen Dick, trustee of 71 Suffolk RoadRealty TRPRICE/ADDRESS: $1,105,000; 71 Suffolk Rd., Lot299, WellesleyNOTES: Single-family Cape, built 1956; house sizeis 2,750 sf, lot size is 21,475 sf; four bedrooms andthree baths; last sold for $750,000 in Dec. 1999

BUYER: Molly P. Aitken and Thomas M. AitkenSELLER: Lawrence W. Huffman, Executor of theWill of Regina LagakosPRICE/ADDRESS: $1,075,000; 10 Bradford Rd.,WellesleyMORTGAGE: $610,000 from Wellesley BankNOTES: Single-family Colonial, built 1929; housesize is 3,250 sf, lot size is 15,775 sf; four bed-rooms and 3.5 baths; buyers separately sold 15Howe St. in Wellesley on same date; 10 BradfordRd. purchased by Regina Lagakos and Stephen W.Lagakos for $105,000 in March 1978; Declarationof Homestead

MORTGAGE: $1,048,000 from NeedhamBankADDRESS: 58 Pinewood Rd., Lot D, NeedhamBORROWER: Karen M. Fondo and Michael C.Fondo



The Real ReporterVOLUME 2, NUMBER 23

© 2010 The Real Reporter, Ten Post OfficeSquare, Boston MA 02109, 617-692-2997.All rights reserved. No part of this publica-tion may be reproduced without the writtenconsent of the publisher. The Real Reporter isa trademark of Launch Pad Boston.


lish a satellite worship center as a way ofaccommodating the burgeoning parish.A price tag of $3.5 million is rumored tobe enticing the owners of Casa Di Fior toaccept the bid. “That’s a big number,”maintains one broker whose own experi-ence has come across potential propos-als for the property. The veteran profes-sional opines “it will be hard” for theFiorenza clan that the property is namedfor to eschew the latest proposal, onesaid to have come as a result of a directentreaty from the suitors.

Just how far along any talks might beright now is unclear, although one sourceis of the mindset that a transfer is in theoffing. “Really close,” the source says ofan outcome. Broker James Stubblebineof the Stubblebine Co. is said to beorchestrating the trade, although calls tohis office in Lexington and to churchleaders were not returned by press dead-line. One observer familiar with GraceChapel terms the congregation “savvy”when it comes to business affairs, includ-ing the ownership of other real estatenear its Lexington operations. Indeed,one broker says other land around CasaDi Fior is also on the church’s radarscreen. Those spoken to could not saywhether private functions would still beheld at Casa Di Fior should the sale beconsummated.

Office OfferingWEYMOUTH—Should Grace Chapel fal-ter in its bid to acquire Casa Di Fior, ormaybe if there are a few extra coins leftrattling in the collection plate, the congre-gation might consider picking up anotherproperty just now coming on the market,that being 25 Mathewson Dr. inWeymouth. The South Shore office build-ing was taken back last week byRockland Trust Co. through a deed-in-lieu of foreclosure process, but the lender

apparently has little interest in holdingthe building for any length of time.According to sources, CB RichardEllis/New England has been hired tomarket the two-story, 13,000-sf buildingthat last traded for $1.25 million in July2007.

CBRE/NE’s Private Client Group isoverseeing the marketing process, withprincipals Patrick Cavanagh and GaryLemire said to be orchestrating theeffort. Rockland Trust has authorized anasking price of $1,000,000 after valuingthe transfer from its under water borrow-ers at $900,000.

Now marking its 25th anniversary, 25Mathewson Dr. is located on an acre par-cel within two miles of Route 3. Attributesbeing touted in the marketing materialsinclude an efficient floor plate design,proximity to multiple public transporta-tion venues, and equally extensive retailand restaurant options. The propertyunderwent an upgrade in 2000.

The surrender of 25 Mathewson Dr.occurs three years after it was purchasedby 25 Mathewson Drive Realty Corp.Rockland Trust financed that deal with amortgage of $1,120,000. The president of25 Mathewson Drive Realty Corp. isDaniel P. McGrath. Calls to Cavanaghand Lemire to discuss the sales effortwere not returned by press deadline. n

The Real Reportcontinued from page 1

25 Mathewson Dr., Weymouth MA

food emporiums.Demographically, Reading plays well to

retailers across a broad spectrum, main-tains Cyrier. The population of 32,500 peo-ple in a two-mile radius has a healthy aver-age household income of $111,500, andsome 181,000 people dwell within fivemiles of Haven Street. Reading denizens,adds Cyrier, “support and depend on theirdowntown business community whilestriving to achieve its success by attract-ing area residents to support local busi-nesses.” Atlantic Food Market’s demise,for example, was considered as much aresult of the store’s aging ownership as itwas due to fresh competition from two

new supermarkets in town on Walker’sBrook Drive. The town recently investedmore than $5 million to enhance its MainStreet corridor, a strip that feeds directlyonto Haven Street and is expected to fur-ther benefit the entire downtown overtime, according to Cyrier.

Stable ownership from the projectsponsor is another reason to expect a suc-cessful result on Haven Street, MANSARDindicates. Founded in 1969, OaktreeDevelopment is an award-winning firmthat concentrates on suburban sites nearnodes of public transportation with theintention of creating environmentallyfriendly, community centric develop-ments, including projects in Cambridge’sAlewife section and a new community thatrecently opened in Lexington. n

Reading Retailcontinued from page 2

FEEDBACK TO: [email protected]


Corporation Directors/Registered Agents Address Nature of Business

RMC Realty LLC Carolyn Dineen, manager; Michael E. Dineen, resident agent 20 Northview Ave., Norwood MA 02062 Real estate management and operation

Anthony Wyatt LLC Anthony Wyatt, signatory; Stephanie A. Petty, resident agent Principal office @ 44 Seabury Point Rd., Duxbury MA 02332 Buying, selling, operating, financing, and dealing in real estate

Fort Point Enterprises LLC Thomas A. Defusco, signatory, resident agent; 326 A St. Unit 2C, Boston MA 02210 To acquire, hold, sell, and manage real estatePatricia E. McCarron, signatory

Campanelli Acquisition Partners LLC Daniel R. DeMarco and Stephen J. T. Murphy, signatories 1 Campanelli Dr., Braintree MA 02184 Real estate

Sapphira LLC Deborah E. James, manager, signatory; Principal office @ 683 Main St. Units 1 and 2, Osterville MA 02655; Real estate development, investment andStuart W. Rapp Esq., resident agent Rapp @ 749 Main St., Osterville MA 02655 ownership

33 Walnut Street LLC K. J. M. M. Inc., manager, The Berstein Law Group P.C., Principal office @ 14 Wyman Wy., Lynnfield MA 01940; resident agent @ Real estate investmentresident agent 530 Loring Ave., Salem MA 01970

WPA Wise LLC WDP Manager Corp., manager, signatory; Principal office @ 6 Faneuil Hall Marketplace, Boston MA 02109 Dealing with the real property of Samuel Ross, resident agent "Washington Park Apartments"

Washington Park LP WPA Wise LLC and Quincy Geneva Housing Corporation, Principal office @ c/o Winncompanies, 6 Faneuil Hall Marketplace, Dealing with the real property of general partners; Samuel Ross, resident agent Boston MA 02109 "Washington Park Apartments"

Columbus Gardens GP LLC WDP Manager Corp., manager, signatory; Samuel Ross, Principal office @ 6 Faneuil Hall Marketplace, Boston MA 02109 Dealing with real property in the state of resident agent Georgia

Columbus Gardens LP Columbus Gardens GP LLC, general partner; Samuel Ross, Principal office @ 6 Faneuil Hall Marketplace, Boston MA 02109 Dealing with real property in the state of resident agent Georgia

Howe Street LLC Mark R. Woolford, signatory, resident agent; 120 Bigelow Dr., Sudbury MA 01776 Managing real estateRobin L. Woolford, signatory

Surfside Living LLC Patrick Leahy, manager, signatory, resident agent 9 Surfside West, Duxbury MA 02332 Buying, selling, operating, financing, anddealing in real estate

Paragon Llsea LLC Deborah May Connors, manager, signatory; Principal office @ 13 Tech Circle, Natick MA 01760 Acquire, develop, mortgage, and deal in real Ronald D. Dockser P.C., resident agent property

HCP/LFREP Ventures I LLC Corporation Service Company, resident agent Principal office @ 3760 Kilroy Airport Wy. Ste. 300, Long Beach CA; Real estateresident agent @ 84 State St., Boston MA 02109

54 Gray Development LLC James Kennedy, signatory, resident agent; 47 Pearl St., Charlestown MA 02129 Buying, selling, operating, financing, andSean Kennedy, signatory dealing in real estate

64 Rock LLC John M. Shields, manager, signatory, resident agent; 25 Rockwood Dr., Marshfield MA 02050 Ownership, management, and/or John Thorbahn, signatory development of commercial real estate

34 Sorina LLC Sofia Borshchevsky, manager, signatory, resident agent 54 Auburndale Rd., Marblehead MA 01945 To buy, sell, and manage real estate

Sorimax LLC Max Borshchevsky, manager, signatory, resident agent 54 Auburndale Rd., Marblehead MA 01945 To buy, sell, and manage real estate

254 Second Avenue LLC Maric 254 LLC, manager, signatory; Ira J. Deitsch Esq., Principal office @ 197 First Ave. Ste. 300, Needham MA ; Deitsch @ To acquire, develop, lease, and deal in resident agent 800 Boylston St. Tower 33rd floor, The Prudential Tower, Boston MA real estate

400 Fifth Avenue LLC Maric 400 LLC, manager, signatory; Ira J. Deitsch Esq., Principal office @ 197 First Ave. Ste. 300, Needham MA; Deitsch @ To acquire, develop, lease, and deal in signatory, resident agent 800 Boylston St. Tower 33rd floor, The Prudential Tower, Boston MA real estate

Atlantic Acquisitions LLC Joseph E. Montalio, mgr, signatory; Michael G. Fressetti, mgr, 27 Water St. Ste. 109, Wakefield MA 01880 To acquire real estate and personal propertysignatory; Salvatore Tecce, mgr, signatory, resident agent

Jordyns LLC Ronald Brenner, manager, resident agent 296 North St., Randolph MA 02368 To own, lease, sell, and deal in real property

Rhinebeck Realty LLC David Sorbaro, Victor Stephen Sorbaro, and Paige Koudijs, Principal office @ 358 Saw Mill River Rd., Millwoord NY 10546; Real estate ownershipmanagers; National Registered Agents Inc., resident agent resident agent @ 303 Congress St. 2nd Floor, Boston MA 02210

Rossi Properties LLC Paul Rossi, manager, resident agent; Leila Koziy, manager 71 Cedar St., Braintree MA 02184 Own, operate, and rent real property

LJM Thumb LLC Lawrence J. McGoldrick, manager, resident agent 187 Turnpike Rd., Westboro MA 01581 Real estate

MDF Realty LLC Robert Faia, signatory, resident agent 112 Flint Farm Rd., Middleton MA 01949 Real estate

SRI Assembly Row B2 LLC Donald Wood, president and CEO C/o Federal Realty Investment Trust @ 1626 East Jefferson St., To own, operate, manage, and invest in Rockville MD 20852 real estate


SRI Assembly Row B5 LLC Donald Wood, president and CEO C/o Federal Realty Investment Trust @ 1626 East Jefferson St., To own, operate, manage, and invest inRockville MD 20852 real estate

SRI Assembly Row B6 LLC Donald Wood, president and CEO C/o Federal Realty Investment Trust @ 1626 East Jefferson St., To own, operate, manage, and invest in real estate




Massachusetts CorporationsOrganized July 13 - July 19, 2010



Corporation Directors/Registered Agents Address Nature of Business

CMT Realty LLC Robert E. Bennett, manager, signatory, resident agent 301 Winter St. Unit 1, Hanover MA 02339 To buy, sell, own, operate, and in all ways manage commercial real estate

Bodenmann Enterprises LLC John C. Bodenmann Jr., manager, signatory, resident agent 431 Pine St., Marshfield MA 02050 Buying, selling, operating, financing, and dealing in real estate

66 Queensberry LLC James Ferzoco, manager, signatory; Ellen E. Ferzoco, 66 Queensberry St. Unit 219, Boston MA 02215 To buy, sell, own, operate, and in all ways manager, signatory, resident agent manage commercial real estate

Granite Funding Group LLC John L. Thurrott, manager, signatory, resident agent 25 Country St., Dover MA 02030 General purpose real estate purchasing

PD Realty LLC Domingos G. Pina, manager, resident agent 43 Jackson St., Brockton MA 02302 Real estate investment

Bridgeport Merger Corporation Eric J. Appellof, president, dir.; R. David Rosato, treasurer; Principal office @ 850 Main St., Bridgeport MA 06604 To acquire, invest in, or hold real and Susan D. Stanley, sec., dir.; CT Corporation System, res. agent personal property

579 Apple LLC Diane M. Sheehan, manager, signatory, resident agent 60 North Main St., Natick MA 01776 Dealing in and managing real property

100 Main Street Reading LLC Joseph Calareso III, manager, signatory, resident agent 24 Lilah Ln., Reading MA 01867 Buying, selling, owning, and leasing RE

Parsons-Green LLC Jeffrey Kesner, manager, signatory, resident agent 1247A Commonwealth Ave., Allston MA 02134 Purchase and manage real estate

Beachmont Holdings LLC ERF Manager LLC, manager; Eggert Dagbjartsson, signatory, c/o Equity Resource Investments LLC, 1280 Massachusetts Ave.resident agent; Victor J. Paci, signatory 4th Floor, Cambridge MA 02138 To invest in real estate

5 Sumner Square LLC Matthew G. Frazier, signatory, resident agent; 217 Wompatuck Rd., Hingham MA 02043 Renting or leasing real estateMatthew Ranalli, signatory

Cape Cottage LLC Mark J. Couto, signatory, resident agent 103 Lake Shore Dr., Brewster MA 02631 To own, lease, and manage real estate

Marshall Farm Properties LLC Esther D. Ames, mgr; Oliver F. Ames Jr., signatory, res. agent Principal office @ 303 Congress St., Boston MA 02210 To engage in the ownership, acquisition,operation, and management of real estate

301 Prospect Street LLC BH Management LLC, mgr, signatory; Jay Bounty, res. agent 350 Prospect St., Belmont MA 02478 Invest in, purchase, manage, and deal in RE

CA2 Group LLC Abner Kurtin, manager, resident agent 76 Laurel Rd., Brookline MA 02446 Acquisition, investment and ownership of RE

407-411 CA2 Group LLC Abner Kurtin, manager, resident agent 76 Laurel Rd., Brookline MA 02446 Investment in and ownership of real estate

Perkins Street LLC William D. Gamble, manager, signatory, resident agent 4 Makepeace Rd., Westford MA 01886 Purchasing, refurbishing, mgmt, & sale of RE

Nationwide Properties LLC Brendan Moy, manager, signatory, resident agent; Principal office @ 11 Tyler St., Boston MA 02111 Real estate brokerage services Levina Moy, manager, signatory; Yuet Fong Hom, signatory

QM Manager LLC Sy Marcus, manager, signatory, resident agent 110 Clark Rd., Brookline MA 02445 Real estate

QM Realty LLC QM Manager LLC, mgr; Sy Marcus, signatory, resident agent 110 Clark Rd., Brookline MA 02445 Real estate

Sarah's Place LLC Ashraf A. Soliman, signatory, resident agent Principal office @ 302 Spring St., Winchendon MA 01475 Ownership and development of real estate

TNC Real Estate Holdings LLC Andrew Bernbaum, manager, signatory, resident agent 315 Franklin St., Newton MA 02458 Real estate

1618 Partners LLC John J. Donovan Jr., manager, resident agent 8 Atwater Ave., Manchester MA 01944 Ownership and management of real estate

P7 Avondale LLC Christopher F. Hughes, manager, Corporation Principal office @ 825 3rd Ave. 36th Floor c/o The Praedium Group LLC,Service Company, resident agent New York NY 10022; MA office @ 1101 Worcester Rd. Direct and indirect real estate investment

4th Floor c/o Taymil Partners Inc., Framingham MA 01701

Avondale Associates LLC P7 Avondale LLC, manager; Corporation Service Company, Principal office @ 825 3rd Ave., New York NY 10022; resident agent @ Direct and indirect real estate investmentresident agent 84 State St., Boston MA 02109

Hudson Blue Water LLC Mark Hashem, manager, signatory, resident agent 0 Littleton Rd., Ayer MA 01432 Acquisition, ownership, & development of RE

66 MST Associates LLC Steven A. Karan, manager, signatory, resident agent; Principal office @ 66 Main St., North Easton MA 02356 Managing, acquiring, operating, developing,Marc R. Plante, mgr, signatory; Dana C. Lanzillo, signatory and dealing in real estate

111 Crawford Street LLC Lloyd A. Watt and John H. Schiavi, managers; Principal office @ 50 Francis St., Leominster MA 01453; Investment in, ownership and development of Carl F. Schmitt Esq., resident agent Schmitt @ Schmitt & Dillon, 233 Main St., Lancaster MA 01453 real estate

G&G Homestead LLC Kris M. Johnson, manager, signatory, resident agent; Principal office @ 74 Snow Rd., Brewster MA 02631 To own, lease, and manage real estateBarbara Sizelove and Max D. Johnson, signatories

Mayflower Realty Ventures LLC James C. Gattuso, manager, resident agent; Eileen Casey, Principal office @ 888 8th Ave. Apt. 4K, New York NY 10019; Real estate consultingMaria Gattuso, and Caroline A. Gattuso, managers Gattuso @ 5 Harvest Ln., North Reading MA 01864

Ameco-Jar LLC James A. Russell, manager, signatory, resident agent 108 Bel-Air Dr., Longmeadow MA 01106 To acquire, hold, sell, and manage real estate

Duke Properties Inc. Mark De Chambeau, president, treasurer, secretary 10 South Main St. Ste. 205, Attleboro MA 02703 Sale & rental of commercial & res. property

Veerji LLC Sarabjit Chawla, manager, signatory; Michele Chawla, Principal office @ 217 Elm St., West Springfield MA 01089 Real estatemanager, signatory; Simon J. Brighenti Jr., resident agent

Shri Nathji Realty LLC Sanat D. Patel, manager, signatory, resident agent 67 West Boylston St., Worcester MA Own or lease real estate

Prime Distribution Services LLC Andrew Goodman, manager, Corporation Service Company, Principal office @ 300 Corporate Pl., Islandia NY 11749; Real estate holdingresident agent resident agent @ 84 State St., Boston MA 02110

Huggard Brothers LLC Terrence J. Huggard, mgr., res. agent; Jeffrey G. Huggard, mgr. 1305 Washington St., Stoughton MA 02072 Real estate

Huggard Realty LLC Terrence J. Huggard, mgr., res. agent; Jeffrey G. Huggard, mgr. 1305 Washington St., Stoughton MA 02072 Real estate

SMB Consulting LLC Sergey Bogolov, manager, resident agent 14 Gerald Rd., Marblehead MA 01945 Real estate consulting

1700 Cape Street LLC Robert A. Garrity Jr., manager, signatory, resident agent 1700 Cape St., Lee MA 01238 To buy, lease, sell, and own property

500 Old Colony Place LLC Laham Management and Leasing Inc., manager, signatory; Principal office @ 460 Yarmouth Rd., Hyannis MA 02601; Buying, selling, leasing, operation, and James N. McNulty Esq., signatory, resident agent McNulty @ 40 Court St. Ste. 1150, Boston MA 02108-2202 management of real estate

Massachusetts CorporationsOrganized July 13 - July 19, 2010

Officials at Cambridge-based Progenikaacknowledge the firm has leased 9,000 sf oflaboratory and office space at Building 200of River’s Edge, the mixed-use complexinto which TeleCom City evolved afterplans for a tech-centric commercial parkwere dashed by that industry’s thunderouscollapse in 2001. Besides 400,000 sf ofoffice space that will be constructed,River’s Edge also features modern residen-tial options and an expansive recreationalarea. Progenika CFO Michael Bohan saysthat diversity was among the attractionsluring his firm away from the life sciencesepicenter in Kendall Square.

“It was a great match for us,” says Bohan,providing the firm an intermediary solutionthat delivers rental relief from coreCambridge pricing plus the amenities soughtby a skilled employee base. Besides plentifulparking and nearby public transportation,Bohan says the on-site fitness center andcafeteria and 10 acres of landscaped fitnesstrails should help compete for staffers. “It’svery tranquil,” he says of the park exterior,including frontage along the Malden River.Progenika is also proud to be in an environ-mentally reclaimed property, adds Bohan,with the sustainability of the 200 acres fur-ther enhanced by Building 200’s designationas a LEED Gold certified structure.

Aided by broker Debra Stevens of

ITRA/Stevens Group, Progenika assessedbuildings from Watertown to Woburnbefore settling on River’s Edge. Althoughviable prospects such as TradeCenter 128in Woburn—another LEED Gold build-ing—were carefully considered, he saysRiver’s Edge ultimately fit the company’s

needs best. The atten-tive, experiencednature of Preotle Lanein courting the firm wasalso comforting in strik-ing the seven-yearlease, adds Bohan,whose firm inked anagreement that contains

expansion options going forward.“It was a delight to deal with them,” con-

curs Stevens of the landlord. She also citesan efficient design of Building 200 and theability to mix the laboratory and officespace together, with a ratio of approximate-ly 40 percent to 60 percent for those respec-tive uses. The US subsidiary of a Spanishconglomerate, Progenika is involved ingenetic testing and will use the property forboth research and administration functions.

Landlord Matthew Preotle voices equalexuberance at the signing of Progenikafrom that side of the table, and agrees thetenant lives up to the vision of his father,John Preotle, whose initial commitment toredeveloping the parcel has endured mul-tiple peaks and valleys due to the fickleeconomy that has dogged New England

for the past 10 years.Having endured the latest crash to

somehow get the four-story, 115,000-sfBuilding 200 constructed, a signing ofMarriott Corp. to lease the top floor lastyear showed River’s Edge could attract ahigh-end company, notes Matthew Preotle,and he says Progenika underscores that theproperty can also be a solution for cutting-edge, new-age companies such as those inthe life sciences arena. “In a lot of ways,they are the perfect tenant for us,” saysMatthew Preotle. “What they are doing isvery exciting, and it’s great to see that typeof a company considering us . . . We hope tosee many more like them coming out here.”

Matthew Preotle also credits the bro-kerage guidance from Stevens on the ten-ant side and the exclusive leasing team forRiver’s Edge that includes Grubb & Ellisprofessionals Philip Giunta, Ann NewmanFoley and George Nugent. “They workedreally hard to get this done,” says MatthewPreotle, voicing further encouragement byan increase of prospects touring the prop-erty in recent months, even as the summervacation season eases the activity back toa more languid pace. There is plenty ofwork on the fit out of the Progenika spacein the meantime, however, with that firmslated to be in by early November.

The company is expanding from about6,000 sf, and is using Preotle Lane’s in-house architect, Gensler, for the fit outassignment. n

River’s Edgecontinued from page 1


Debra Stevens

trading,” explains Marcus & Millichap bro-ker Robert Horvath,who negotiated the salealong with colleaguesAl Taf and ToddTremblay. Situated at150 Lafayette Sq. on a1.2-acre parcel, theCVS benefits from adaily traffic count of40,000 vehicles, andhas a population of26,000 people living in aone-mile radius, saysKenneth Hecht, anexperienced retaildeveloper whose plat-form extends through-out New England.

“It’s going to be a good store for CVS,”says Hecht, predicting further gains as theunit establishes its market presence. Thebuyer of the asset is a private Newtoninvestor, Quadrant Haverhill Real EstateLLC, an entity managed by Marvin Smith.

In praising Marcus & Millichap fordrumming up bidders through its nationaldatabase, Hecht says the sale also reflectshis belief that stabilized real estate is aviable option for investors in an otherwiseunsettled environment. “It is really start-ing to heat up again,” he says.

The Haverhill CVS asset is bolstered bya triple-net lease that extends for another23 years, offering a measure of steadycash flow that presently is at $498,405annually and escalates up to $508,155 foryears six through 10. Year 21 will boostthe rate to $540,429. There is also a half-dozen five-year options once the originallease agreement expires.

Besides being able to take advantage ofthe demand for net-leased real estate,Hecht says the 12,000-sf Haverhill proper-ty was enhanced by a brownfields taxcredit that his group was later able to selloff, crediting Massachusetts attorneyWarren A. Kirshenbaum for illuminatinghis company to its availability. “That wasgreat—it was like found money,” saysHecht.

As for the investment sales market,Horvath says Marcus & Millichap has seencompany volume increase by more than40 percent compared to the first half of2009, a time when conditions were brutal-ly torpid. “”We are starting to see velocityincrease,” relays Horvath, whose team isalso handling properties in the northeastand mid-Atlantic regions. More listings arecoming to the fore every day, he says,offering hope for a busier second half to2010. n

Haverhill CVScontinued from page 1

Robert Horvath

Todd Tremblay

Documents

The Real Reporter July 23, 2010